Ford to invest $500m in India to build new small car, engines
FoMoCo's total investment in India will grow to over $875 million with the new funds, and will pay for the development and production of a new small car at its plant in Chennai with an engine plant next door. Within the next two years, Ford plans to have an annual production capacity of over 250,000 gasoline and diesel engines in India, along with making its Indian operations a leader in small car production.
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